GERMANY - Allianz Global Investors (AGI) Kapitalanlagegesellschaft has launched a 'one-stop shop' for company pension provision, providing investment, administration and a general trustee solution from a single source.
The new provision plus account package - "VorsorgePlusKonto" - is targeted at companies who want to give their employees the opportunity to participate more intensively in the opportunities for returns offered by the capital markets.
Tobias Pross, head of pension markets at Allianz Global Investors, said: "Innovative and flexible pension provision packages are becoming an important decision-making criterion when key personnel make a decision on selecting an employer. As far as the company is concerned, a company pension scheme is an important compensation element for generating long-term loyalty with this category of employees."
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.